AMCHAM Update #8: COVID-19 Outbreak | AmCham Malaysia on EventBank

Dear Subscriber,

Media Statement by Prime Minister Tan Sri Muhiddin Yassin

Initiatives announced by Prime Minister Tan Sri Muhiddin Yassin this afternoon.

1. Malaysian Citizens below the age of 55 years old will be able to withdraw a maximum of RM500 from Account 2 on a monthly basis for a period of 12 months beginning April from the Employees Provident Fund (EPF). This is expected to benefit approximately12 million EPF members.

2. An additional allocation of RM500 million will be extended to the Ministry of Health (MOH) for the purchases of medical equipment, including ventilators, lab apparatus, personal protective equipment (PPE) and intensive care unit (ICU) equipment. The government has also set aside RM100 million for MOH for hiring purpose of 2,000 new staff especially nurses on a contract basis.

3. The federal government has allocated RM130 million to help other state governments to combat the Covid-19 pandemic. This allocated funds can be used to assist small traders and hawkers who are affected by the outbreak.

4. The government will extend the PTPTN loan deferment to six months effective immediately.

The initiatives mentioned above were part of a more comprehensive Economic Stimulus Package and People’s Aid to be announced on March 30.

Import Duty & Sale Tax Exemptions for Face Masks

The Malaysian Customs Department has announced that Import Duties and Sales Tax for Face Masks will be exempted.

The Finance Ministry has also agreed and called for manufacturers of face masks to register in order to gain the exemptions. This move will take effect from 23rd of March, 2020 at 0001 hours until a later date is mentioned. Check out the attachment below to identify the category of face masks under the exemption.

Click on the following links below:

English

Unofficial Translation – Exemption of Import Duty and Tax

FAQ’s on Movement Control Order

All FAQs pertaining to Covid-19 and the Movement Control Order that have been released and approved can be found via the links below.

Please note that these FAQs may be in Bahasa Malaysia. AMCHAM will continually provide up-to-date translations of these as soon as they are ready.

COVID-19 FAQs Compilation

Declaration of Quarantine Stations

In exercise of the powers conferred by section 2 of the Prevention and Control of Infectious Diseases Act 1988 [Act 342], the Minister declares the places specified in the Schedule as quarantine stations. Please click here for the list of quarantine stations.

Stay Current! Be TaXavvy with PWC

Movement Control Order – Updates on 23 March 2020

The Inland Revenue Board (IRB) has provided the following information in relation to tax matters during the Movement Control Order period (MCO).

American Malaysian Chamber of Commerce
Level 10, Bangunan Faber Imperial Court, Jalan Sultan Ismail,
Kuala Lumpur 50250, Malaysia

Tel: +603 2727 0070

Fax: +603 2727 0075

Email: info@amcham.com.my

Dear Subscriber, Media Statement by Prime Minister Tan Sri Muhiddin Yassin Initiatives announced by Prime Minister Tan Sri Muhiddin Yassin this afternoon. 1. Malaysian Citizens below the age of 55 years old will be able to withdraw a maximum of RM500 from Account 2 on a monthly basis for a period of 12 months beginning April from the Employees Provident Fund (EPF). This is expected to benefit approximately12 million EPF members. 2. An additional allocation of RM500 million will be extended to the Ministry of Health (MOH) for the purchases of medical equipment, including ventilators, lab apparatus, personal protective equipment (PPE) and intensive care unit (ICU) equipment. The government has also set aside RM100 million for MOH for hiring purpose of 2,000 new staff especially nurses on a contract basis. 3. The federal government has allocated RM130 million to help other state governments to combat the Covid-19 pandemic. This allocated funds can be used to assist small traders and hawkers who are affected by the outbreak. 4. The government will extend the PTPTN loan deferment to six months effective immediately. The initiatives mentioned above were part of a more comprehensive Economic Stimulus Package and People’s Aid to be announced on March 30. Import Duty & Sale Tax Exemptions for Face Masks The Malaysian Customs Department has announced that Import Duties and Sales Tax for Face Masks will be exempted. The Finance Ministry has also agreed and called for manufacturers of face masks to register in order to gain the exemptions. This move will take effect from 23rd of March, 2020 at 0001 hours until a later date is mentioned. Check out the attachment below to identify the category of face masks under the exemption. Click on the following links below: English FAQ’s on Movement Control Order All FAQs pertaining to Covid-19 and the Movement Control Order that have been released and approved can be found via the links below. Please note that these FAQs may be in Bahasa Malaysia. AMCHAM will continually provide up-to-date translations of these as soon as they are ready. Declaration of Quarantine Stations In exercise of the powers conferred by section 2 of the Prevention and Control of Infectious Diseases Act 1988 [Act 342], the Minister declares the places specified in the Schedule as quarantine stations. Please click for the list of quarantine stations. Stay Current! Be TaXavvy with PWC Movement Control Order – Updates on 23 March 2020 The Inland Revenue Board (IRB) has provided the following information in relation to tax matters during the Movement Control Order period (MCO).